Italian ministers and European Union officials gave a cool reception to a proposal by Matteo Renzi that Italy flout the EU’s fiscal rules for the next five years. Renzi, proposed Italy should run a stable budget deficit of 2.9 percent of gross domestic product for five years instead of trying to lower the deficit towards zero. Source Reuters
EU enlargement commissioner Johannes Hahn has called for a change of course for the EU on Turkey’s accession to join the bloc, after president Recep Tayyip Erdogan urged Turks living in Germany not to vote for the county’s two ruling parties in the upcoming September elections. Source: Euobserver
France’s ‘Operation Sentinelle’, a domestic military presence that since the January 2015 terrorist attacks has deployed thousands of soldiers to patrol public spaces will be revamped, the French Interior minister announced Tuesday. G.Collomb said: “We are going to redefine the mission in order to make it more mobile”. Source: France24
U.S. President Donald Trump warned on Tuesday he might terminate the NAFTA trade treaty with Mexico and Canada after three-way talks failed to bridge deep differences. Source: Reuters
